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IDIT™ for Bancassurance

IDIT™ provides the optimal solution for bancassurance – using IDIT™ bankers can diversify their current banking business into a booming insurance business. A synergy between banking and insurance organizations is a given fact these days: banks are offering insurance services & products to increase non-interest incomes while insurance companies are offering banking services & products. Financial institutions are thus pitted against each other and only the best solution providers will achieve an edge.

 

IDIT™ business solution for bancassurance

Functional Highlights

IDIT™ is particularly well-suited for this two-way synergy since it is a comprehensive and highly flexible technology that is perfectly suited for any financial organization’s insurance solution requirements due to its component-based and highly customizable, feature-rich architecture. 
A mature and well-tried technology, IDIT™ empowers bancassurers not only with cutting-edge finance technology but also the dedicated support of IDIT’s finance & insurance experts. 
  
With IDIT™ Bancassurers can:
  • Sell bancassurance products via the traditional, direct, brokerage or online insurance models
  • Support complex bancassurance products using sophisticated, localized CRM, policy administration, product factory, rules engine, workflow, claims processing and technical accounting modules
  • Utilize an advanced correspondence module for optimal communication with clients
  • Provide scaleable online bancassurance services and transactions immediately & easily
  • Exploit existing customer networks & loyalty to leverage new insurance products
  • Have the flexibility to respond to changing  regulatory and market conditions


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